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PPP Loan Data — AL Pak Labor, Inc, Soledad, CA

SBA PPP loan data, payroll data, and salaries for AL Pak Labor, Inc
CA

AL Pak Labor, Inc

Entity: Corporation

Industry: Farm Labor Contractors and Crew Leaders

Location: Soledad, CA

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AL Pak Labor, Inc is a corporation located at 32898 San Vicente Road in Soledad, California that received a Coronavirus-related PPP loan from the SBA of $5,488,210.00 in August, 2020.

$ PPP Loan Information

Loan Size:

$5.49M

Jobs Retained:

489

Loan Approved:

2020-08-07

Lender:

AMERICAN AGCREDIT, ACA

AL Pak Labor, Inc in Soledad, CA received a Paycheck Protection Loan of $5.49M through AMERICAN AGCREDIT, ACA, which was approved in August, 2020.

Based on standard PPP eligibility rules, AL Pak Labor, Inc's total 2019 payroll expenses were approximately $26.34M in order to qualify for the PPP loan amount received.

Based on their reported 489 jobs retained, this equals an estimated average yearly compensation of $53,872 per employee1.

Because the loan received by AL Pak Labor, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - AL Pak Labor, Inc in Soledad, CA

AL Pak Labor, Inc
32898 San Vicente Road
Soledad, CA 93960

Business Industry

Farm Labor Contractors and Crew Leaders (NAICS code 115115)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-20

Similar Companies near Soledad

In the Soledad area, 3 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a PPP loan. These local businesses reported an average of 496 employees (compared to this company's 489) and received an average PPP loan of $2,141,901 (compared to this company's $5.49M).

Industry PPP Comparison Statistics

Nationwide, 1,427 businesses in the "Farm Labor Contractors and Crew Leaders" industry received a total of $303,879,959.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 41 employees, 92% lower than AL Pak Labor, Inc's reported 489 employees, and received an average PPP loan of $212,950, 96% lower than this company's loan of $5.49M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/al-pak-labor-inc-soledad-ca